Motorcycle Questions? Ask a Mechanic.
Hi and welcome to JustAnswer, I’m Louie. Sorry you had to wait awhile but I’ll do my best to help.
Initially, let's try check and review the basics based on the above description of "...checked voltage with it running at the battery and it is just under 12v and doesn't change when I rev motor...":
On "...carb is leaking gas...", the prescribed approach would be a carb pulldown (again), dis-assembly, soak and clean with appropriate cleaner with particular attention to the valve inlet needle and float (height).
Appreciate the post back.
And based on these findings particularly the "... idle when hot battery voltage is 14.67...", I am more inclined to suspect the regulator rather than the stator.
And for some reason, the stator wire colors seem different. Was the stator replaced previously?
On 2001 versions, yellow would be the common color for the stator wires. Even for the stator with just 2 wires; yellow/red and yellow.
Still, can you try running the Polaris with the regulator temporarily disconnected? The battery of course would have to be fully charged.
Significant findings as it would now point to both the stator and the regulator as most likely faulty.
In most instances, the regulator would have failed first and then the stator was overloaded causing it to fail also eventually.
If not rectified and still used, it would cause other (resultant) failures particularly the CDI and other electronics.
That the Sportsman can still idle and fault exhibits itself only as "...40-45 MPH it bogs down..." would point to the CDI as most likely still good.
Aftermarket regulator and stator would still serve the purpose.
Can I be of further assistance with the Polaris?
Yes of course; post back with a followup on the Sportsman should it be needed.
Unfortunately, yes. The original is a 3-pahse hence 3 wires. The 2-wires would indicate that this is a single phase and would not be compatible with your electrical system.
And no, it is not possible to modify as it is lacking 2 more windings.
And yes please; post the details of this new question on a new thread. Please click HERE.